Wednesday, May 04, 2005

Not so dumb after all...



Funny thing this internet. I decided to look on the US Treasury website and lo and behold, look what I found:

What denominations of currency notes is the Treasury Department no longer printing?On July 14, 1969, David M. Kennedy, the 60th Secretary of the Treasury, and officials at the Federal Reserve Board announced that they would immediately stop distributing currency in denominations of $500, $1,000, $5,000 and $10,000. Production of these denominations stopped during World War II. Their main purpose was for bank transfer payments. With the arrival of more secure transfer technologies, however, they were no longer needed for that purpose. While these notes are legal tender and may still be found in circulation today, the Federal Reserve Banks remove them from circulation and destroy them as they are received.

Looks like my question at the bank wasn't so dumb. I think Aya owes me a little apology. (Actually, Jenny found me the picture).

2 comments:

Anonymous said...

Apology?.... I don't think so... The little tidbit you found is dated from 1969!!!! AND they have not printed these bills since WWII!!!! It is 2005!!! I'm sorry if I made you feel dumb, but it was still a dumb question to begin with.

employee_8 said...

typical. see this is the reason i am the way i am. i learned it from aya on how to be a mean small person.

it is okay, i can be the BIGGER person and i don't need an apology. we all know i was right!